GRT triangle breakoutThe Graph seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 1.448 and even higher. GRT , come on!📈
ENTRY : local high @ 1.1243
SL : local low @ 1.0793
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 1.448
RRR : 7.1
INVALIDATION : when SL level hit
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GRTETH
GRT has the fundamentals, will price follow?GRT is being called the "Google Of Blockchains" by some and while I understand its protocol use/function, Im more impressed seeing its current usage/integration in the most top used and fee generating protocols... similar to LINK's oracle, I think GRT might have a role as a pillar protocol in the greater DeFi/crypto ecosystem... regarding GRT/USD, we are looking at some price consolidation after breaking the previous 80 cent resistance and making an all time high at $2.89/GRT
I will continue to watch the price action and manage around any technical breakdown in BTCUSD price or GRT/BTC ratio but regardless of short term price moves, I'm leaning bullish if we continue seeing The Graph protocol integration, adoption, and dependance into DeFi/greater crypto. I don't have any specific short term price targets, but I did chart a possible parabolic path... will update as the price decides its direction, but if you want to learn more about The Graph and GRT, I linked a Finematics youtube video that does a great job of explaining the importance, usage, and potential of the protocol hope that helps, cheers!
The GRAPH - Google Of Blockchains? GRT Token Explained
youtu.be
Update it📝There was this idea before but to make sure that you didn't miss it let me republish it again.
Turns out that this triangle became extended.
All the waves are done and the price is heading to the breakout.
So follow this chart and look for the breakout.
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